Global Stratification

    Cards (27)

    • Global South
      Refers to countries that are less economically developed and industrialized compared to the Global North
    • Third World
      Refers to countries that did not belong to either the capitalist First World or communist Second World during the Cold War
    • How a new conception of global relations emerged from the experiences of Latin American Countries
      1. Dependency theory
      2. World System Theory
    • Dependency theory

      • Resources flow from a "periphery" of poor and underdeveloped states to a "core" of wealthy states, enriching the latter at the expense of the former
      • Underdevelopment is mainly caused by the peripheral position of affected countries in the world economy
    • World System Theory
      • Established on a three-level hierarchy consisting of core, periphery, and semi-periphery areas
      • Core countries dominate and exploit the peripheral countries for labor and raw materials
      • Peripheral countries are dependent on core countries for capital
    • Newly discovered lands outside Europe were divided into two - the west belonging to the Crown of Castile (now part of Spain) and the east belonging to the Portuguese Empire
      1494
    • Treaty of Tordesillas - agreements between King Ferdinand II of Aragon and Queen Isabella I of Castile and King John II of Portugal establishing a new demarcation line between the two crowns

      1494
    • Cold War
      Ongoing political rivalry between the United States and the Soviet Union and their respective allies that developed after World War II
    • First World
      Capitalist, industrialized, democratic countries allied with the US
    • Second World
      Industrialized, communist countries of the Soviet Union and its Eastern European satellites
    • Third World
      Countries that did not belong to either the First World or Second World, often referring to poor, underdeveloped countries
    • Global North
      Developed, industrialized countries
    • Global South
      Developing countries, often in Africa, Latin America, and Asia
    • Economic Development
      Advancement in technology, transition from agriculture to industry, and improvement in living standards
    • What is included in the Global North
      • G8 countries
      • US
      • Canada
      • EU member states
      • Israel
      • Japan
      • Singapore
      • South Korea
      • Australia
      • New Zealand
      • 4 of the 5 permanent UN Security Council members (excluding China)
    • What is included in the Global South
      • African countries
      • Latin American countries
      • Developing countries in Asia, including the Middle East
      • BRIC countries (Brazil, India, China)
    • GDP per capita
      A tally of all goods and services produced in a country in one year, expressed in US dollars, divided by the country's population
    • Unofficial threshold for a developed economy is a GDP per capita of at least $12,000, although some economists believe $25,000 is more realistic
    • What makes a nation part of the "Third World"
      • High poverty
      • High child mortality
      • Low economic and educational development
      • Low self-consumption of natural resources
      • Vulnerable to exploitation by large corporations and industrialized nations
      • Less technological advancement
      • Economies dependent on developed countries
      • Unstable governments
      • High fertility rates
      • High gender-related violence
      • Lack of middle class
      • Huge impoverished population and small elite upper class
    • Difference in political, economic and geographic makeup of countries complicates the idea of a monolithic Global South
    • Globalization has challenged the notion of two economic spheres (North and South)
    • Bottom 60 nations of the Global South were thought to be gaining on the North in terms of income, diversification, and participation in the world market
    • International free trade and unhindered capital flows across countries could lead to a contraction in the North-South divide
    • Some countries in the Global South are developing high levels of South-South aid
    • The UN has established its role in diminishing the divide between North and South through the Millennium Development Goals
    • Latin America
      A group of countries in South America that share the same language and culture, linked to their common colonizers Spain and Portugal
    • Two economic groups in Latin America
      • Pacific Alliance - goal is participatory integration for free mobility in trade
      • Mercosur - goal is competitive integration of national economies into international market
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